By: Susan Reynolds
Just as all stimulants seem to affect IBS sufferers harder than those without IBS, tobacco is one of the most extreme. Whether you smoke or chew, tobacco is a powerful gastro-intestinal stimulant, irritant and carcinogen. Because people with IBS have extremely sensitive intestinal tracts anyway, tobacco should be avoided at all costs. But even if you don’t have IBS, the effect tobacco has on your GI tract is severe.
Tobacco has shown to be harmful to the entire digestive system. Two of the most common ailments caused by smoking is heartburn and acid reflux, which are conditions that people with IBS are already more likely to suffer from. Tobacco weakens the sphincter in the oesophagus, therefore allowing stomach acid to flow upward into the oesophagus. Tobacco has also been known to double your chance of developing a peptic ulcer and chemicals in tobacco also hinder the healing of ulcers and make sufferers more likely to develop additional ulcers later in life. The exact increase is unknown but it’s thought to be as high as 10 times as likely. Doctors also believe that there is a link between the development of Crohn’s disease and the possible development of gallstones in tobacco users.
The addictive and poisonous part of tobacco, nicotine, can cause many health problems on its own. Additional weakening of the sphincter of the oesophagus, increased acid production in the stomach and a decrease in the pancreas making sodium bicarbonate, which neutralizes stomach acid. But nicotine isn’t the only problem with tobacco. There are over 400 toxins and at least 43 known carcinogens in tobacco, all of which will hit someone with IBS harder than they would hit a healthy person. A seldom considered side effect of smoking is increased air consumption, which can lead to bloating and flatulence.
And of course, the most common result in long-term cigarette smoking or tobacco chewing is the development of cancer, including cancer of the digestive tract, such as colon, bladder, pancreas, kidney and stomach cancer. It’s not known if IBS sufferers are at a higher risk to develop cancer of the digestive tract, but the additional irritation and stimuli to the body tends to not be favourable for IBS patients.
Tobacco irritates the lining of the intestines, which can cause diarrhoea, intestinal cramping, pain, bloating and gas in IBS patients. Nicotine has been reported to highly increase the frequency of stomach cramps in IBS sufferers. Tobacco use also decreases the efficiency of food digestion and it can also dramatically slow down the metabolism of those with IBS. This can alter bowel movements, which are already a huge problem for those with IBS, and cause bloating. Withdrawal from nicotine can cause both constipation and diarrhoea, again, already a big problem for those with IBS.
So for those people with IBS, sometimes just a small amount of stimuli to the digestive tract can be too much. The effects of tobacco use are universally negative for an average person and can be dramatic for those with IBS. There is no known cure for IBS and treatment options are not widely agreed upon, even by experts. But one treatment everyone can agree on is to reduce or eliminate tobacco use, even if you don’t have IBS!
About The Author
Susan Reynolds has an interest in IBS. For further information on IBS please visit http://www.natural-irritable-bowel-syndrome-relief.com/ibs.html or http://www.natural-irritable-bowel-syndrome-relief.com/blog/2006/10/03/smoking-vs-ibs/.
Jumat, 26 Desember 2008
Smoking Vs IBS
Anti Aging Digestion Enzymes Are Essential For Life
By: Jennifer Kays
Digestive enzymes are the most essential nutritional requirements that our bodies need to stay alive. Enzymes break down the nutrients that we eat and reduces them to a size and condition that make them able to be carried, absorbed and used by our bodies. Enzymes are necessary for breathing, swallowing, muscles movement, cell and tissue production, and energy conversion. Enzymes are responsible for metabolism, which is our cells directing each nutrient to combine and interact with other nutrients to crate other chemicals and compounds to build and repair our cells, bones, tissues and organs. Enzymes are responsible for constructing, synthesizing, delivering, distributing and eliminating the substances and chemicals our body requires to live. Without enzymes, metabolism does not happen.
Our very lives depend on enzymes and digestion. Many, health issues begin with lack of proper enzymes and digestion. Without the proper amount of digestion enzymes in our bodies, we are vulnerable to ill health conditions such as respiratory infection, colds, flu, high blood pressure, liver disease, indigestion, heartburn, diabetes, fibromyalgia, candida, migraines, PMS, hyperactivity, anxiety, lack of concentration, depression, weakened immune system, acid reflux, constipation, gas and many other health concerns. It was once thought that illness and aging depleted the amount of enzymes found in our body. We now know that illness and aging are caused by a depletion of enzymes in our body. Many researchers now know that the aging process and even death is a result of our enzyme levels being decreased to the point where the very living environment of our bodies can no longer be maintained.
We now know that we lose digestive enzymes through sweat and body waste. As we go age, the organs that are responsible for producing digestive enzymes are not able to efficiently produce the amount we need in the time we need them. We know that cooking and microwaves destroy the enzymes that our food contain when they are raw. Factors such as environmental pollution, overly processed and fast foods, genetically modified foods and other factors deplete the amount of enzymes that we need to live. These factors deplete our enzyme levels stresses our digestive system and our immune system, leave us feeling tired, depressed, without energy or interest, and, very possibly, shorten our lives.
Given these factors of aging, processed foods, and cooking, our bodies are not able to produce the enzymes that we need. Therefore it would be wise for us to supplement our diets with enzymes from outside sources such as plants. If we add an enzyme supplement from external sources to our diet when we eat a meal we will greatly increase the quality and longevity of our lives. Enzyme supplements increase the amount of nutrients we absorb from our diet and improves our overall nutrition, decreases or eliminates indigestion and acid reflux, reduces fatigue and increases our energy, strengthens our immune system and enhances the regeneration of our cells and tissues.
We can take advantage of enzyme supplements that are blends of enzymes that each have a specific function. Amylase changes complex sugars and carbohydrates into usable glycogen and dextrin. Bromelain breaks down proteins making them available for our bodies energy supply. Cellulase is an enzyme complex that breaks down cellulose into usable beta-glucose. Lactase converts lactose into galactose and glucose. Lipase is an enzyme that is vital for the absorption and digestion of nutrients in the intestines and catalyzes triglycerides into fatty acids. Pancreatin hydolyses fats, converts protein into protesoses and changes starches into dextrins and usable sugars. Papain from the papaya fruit converts proteins to form oligopeptides and amino acids and can digest dead tissue without affecting live tissue. Pepsin breaks down protein into peptides. Chymotrypsin works in our small intestine to hydrolyze the peptide bond of amino acids. Trypsin breaks down the peptide bond of the amino acids arginine and lysine and is important in protein digestion.
With our current concerns about health care for issues such as those caused by obesity, excess weight, high blood pressure, heart health, etc, it would be well for us to remember the extreme importance of nutrition and good digestion and metabolism and that a very significant number of illnesses and diseases start in the intestine and colon. Our realizing the vital importance of digestion enzymes and the role they have in maintaining our very lives as well as preventing some of the serious, sometimes life threatening, health issues we face and will greatly improve the quality and longevity of our lives.
About The Author
Jennifer Kays
Jenny has more than twenty years experience with all natural health care products. More information about Natural Digestion Enzymes is available at => http://www.sweetmedicineessentials.com/digestion-probiotics-c-6.html
Why Your Diet May Not Be As Rich In Iodine As You Assume
By: Steve Smith
The trace mineral iodine is well known for its crucial role in enabling the body's manufacture of vital thyroid hormones, but it is also important for the health of the immune system and for optimal brain function. It is widely believed by many authorities that iodine deficiency should never be seen in the affluent West, although this problem affects millions throughout the developed world.
Some nutritionists argue, however, that this conventional view is too optimistic, because the content of all minerals in foods is heavily dependent on the mineral content of the soil from which those foods are derived. The assumption must therefore be that the continuing de-mineralisation of farm soils has led to a reduction in the amount of dietary iodine commonly consumed.
Fish and other seafood, however, remain a relatively rich source because these ocean creatures concentrate the sea's iodine in their flesh. Though not commonly eaten in the West, seaweed, or kelp, is also an excellent source of iodine for this reason, and is readily available in the form of a dietary supplements. Dairy products and certain meats may also be a good source, particularly where iodine is routinely added to farm animal feed. But in countries, including most of Western Europe, where animals are grazing fields growing on iodine depleted soils, levels are likely to be much lower.
So even in the West, those not including fish or seafood in their diets, and not using iodised or sea salt, may be at real risk of deficiency. In an effort to compensate for low levels of dietary iodine, the mineral has been routinely added to ordinary table salt in the US for many years. But the practice is not as common in the UK and other European countries, where specially iodised or natural "sea-salt" has been marketed more as a luxury alternative. The problem of insufficient dietary iodine has been compounded on both sides of the Atlantic, however, by increasing concern about the possible adverse health consequences, particularly high blood pressure, of excessive salt intake. Many nutritionists, however, regard these fears as exaggerated, and believe that any such potential problems are far less serious than the consequences of an insufficiency of iodine, and may be easily resolved by the use of the low sodium salt alternatives available.
Iodine, however, cannot in any case be regarded as a luxury. Its essential function lies in the production of the vital thyroid hormones; thyroxine, sometimes known as T4, and tri-iodothyronine, or T3. And as is well known, these hormones are crucially important in ensuring a healthy metabolic rate and the release of energy from food; so an underactive thyroid gland is commonly the villain in cases of excessive weight gain, particularly where this of sudden onset, and in cases of difficulty in losing weight even when following a sensible reducing programme. A healthy thyroid gland is also crucial for the optimal functioning of the immune system.
But perhaps even more importantly, iodine deficiency is also known as a major cause of avoidable brain damage; a problem which the World Health Organisation has estimated to affect an astonishing 50 million people worldwide. Sadly, many of these cases occur in children whose mothers were iodine deficient in pregnancy, resulting in a condition of severely retarded brain development known as congenital hypothyroidism, or "cretinism". Even where such catastrophic consequences are avoided, iodine deficiency in childhood may also have serious effects on the developing brain, leading to low energy and motivation for learning, and measurable impairment of IQ scores.
Since 2001 the Food and Nutrition Board of the US Institute of Medicine (FNB) has prescribed a Recommended Dietary Allowance for iodine of 150 mcg for all individuals over 14, rising to 220 mcg for pregnant women and 290 mcg for those breastfeeding. Somewhat confusingly, however, an excessive consumption of iodine is also associated with a malfunctioning or enlargement of the thyroid gland, as well as mouth ulcers, headaches and gastric upsets, and the FNB therefore advises an upper safe limit for daily iodine consumption of 1,100 mcg for adults. Most people eating a conventional Western diet are unlikely to exceed this level.
With the possible exception of pregnant and breastfeeding women, people in the West who use liberal quantities of iodised salt as a regular seasoning are unlikely to need further supplements. But many commercial multi-mineral preparations contain iodine in reasonable quantities, usually in the form of potassium iodide, and whilst not perhaps strictly necessary, such supplementary doses will do no harm and may be regarded as a useful insurance policy given that, like all minerals needed by the body, iodine functions best in the presence of adequate supplies of all the others. And it should be particularly noted in this context that the effects of any deficiency of iodine may be intensified by any deficiency of selenium, iron or vitamin A.
About The Author
Steve Smith is a freelance copywriter and journalist with a particular interest in health and wellness.
Find out more at http://www.sisyphuspublicationsonline.com/LiquidNutrition/Iodine.htm
Rabu, 24 Desember 2008
Understanding the Mortgage Meltdown; What happened and Who's to Blame
by: Richard Gandon
People are losing their homes and many more will lose their jobs before the mortgage meltdown works its way through the system.
To paraphrase Alan Greenspan's remarks on March 17th, 2008, “The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War. The crisis will leave many casualties.”
How many casualties? Experts are predicting that in the next few years, between 15 and 20 million homeowners could have homes worth less than what they owe. Walking away from a bad situation may actually make sense for people who mortgages that are 'upside down' considering the fact that refinancing is out of the question and home equity is nonexistent.
It seems quite easy to point fingers at greedy Wall Street titans for causing the sub-prime mortgage crises. They after all, put together the deals that allowed banks to underwrite mortgages and then offload these liabilities to investors. What many fail to realize is that there is no shortage of blame to go around from homeowners buying more home than they could afford to real estate agents looking for more commission dollars. Mortgage brokers and bankers, the banks themselves, ratings agencies such as Moody's and Standard & Poor's, Wall Street, the Fed and last but certainly not least, the Federal Government
Let's start with the homeowners--the people who are now in the process or soon to enter the process, of losing their homes. Some of these people had never before owned a home and as such, may not have been prepared for the costs associated with homeownership. Basic financial literacy is sorely lacking in this country despite there being no shortage of budgeting and tracking programs readily available such as Quicken and Microsoft Money. The lack of financial literacy does not absolve these buyers of their responsibility. Every borrower receives a truth in lending disclosure statement. Here is a portion of what the act covers:
The purpose of TILA (Truth In Lending Act) is to promote the informed use of consumer credit by requiring disclosures about its terms and cost. TILA also gives consumers the right to cancel certain credit transactions that involve a lien on a consumer's principal dwelling, regulates certain credit card practices, and provides a means for fair and timely resolution of credit billing disputes. With the exception of certain high-cost mortgage loans, TILA does not regulate the charges that may be imposed for consumer credit. Rather, it requires a maximum interest rate to be stated in variable-rate contracts secured by the consumer's dwelling. It also imposes limitations on home equity plans that are subject to the requirements of Sec. 226.5b and mortgages that are subject to the requirements of Sec. 226.32. The regulation prohibits certain acts or practices in connection with credit secured by a consumer's principal dwelling.
Much of the subprime mortgage crisis can be traced directly back to variable-rate mortgages. As is clearly stated above, “TILA does not regulate the charge that may be imposed for consumer credit. Rather, it requires a maximum interest rate to be stated in variable-rate contracts secured by the consumers dwelling.” It also clearly states that TILA also gives consumers the right to cancel certain credit transactions that involve a lien on a consumer's principal dwelling. One has to wonder whether or not these homeowners:
1. Bothered to read the truth in lending act disclosure at all.
2. Understood what the truth in lending act disclosure meant.
3. Chose to ignore the information printed clearly the truth in lending act disclosure.
A number of months ago, just as the subprime mortgage crisis was beginning to unfold, The New York Daily News ran an article about a family in New York City, who had bought a home and were now faced with the prospect of foreclosure. The article was sympathetic to this family, highlighting the fact that they're living the American dream and that this dream was about to come to an end. What I found to be distressing was the fact that clearly visible in the photo that accompanied this sympathetic article was a very expensive flat screen television hanging on the wall. Perhaps I'm naïve, but I can assure you that if I were faced with the prospect of losing my home and having my family put out on the street, there is absolutely no way that I would still have that expensive television hanging on my wall. It would have been one of the first things to be sold and some financial relief would be found by jettisoning what I'm sure was the expensive cable bill.
Clearly the public needs easy access to financial literacy courses. Too bad we don't see the need to make this a mandatory course of study in our educational system.
Mortgage bankers and brokers have in the last four or five years been raking in cash by the bucket load in the form of commissions paid when mortgages they've originated, close. Many of these people have not needed to do much in the way of prospecting. Instead, their phones have run off the hook as people have jumped on the homeownership and refinancing and take out extra cash bandwagon, despite their ability to pay for their home. No-document loans were readily available without the borrower having to produce documentation that backed up their income. Clearly this practice can and indeed has, lead to substandard loan underwriting processes. Were some of these mortgage bankers and brokers dishonest? Sure. Were all of them dishonest? I think not. To have a massive nationwide conspiracy, where thousands and thousands of people involved in the mortgage banking and mortgage brokering profession got together to create this situation is simply not feasible. Yes, some of the blame does belong with those in the mortgage industry, but they were simply a small cog in the huge machine that created this mess.
Let's discuss real estate agents. In 2007, we bought a home, and also sold a home. The agent we used to purchase our home was absolutely fantastic. In our opinion, she went above and beyond to make our deal happen. She answered every phone call, followed up on every concern and was the epitome of professionalism. We consider this individual to be a friend, and we have sent referrals her way that have resulted in her earning additional commissions. We will continue to recommend her to all who ask or mention that they'd like to buy or sell a home in our area.
The real estate agent, we used to sell our home, could not have been more different. We got our old home ready to sell prior to closing on our new home. We decided to list it as “For Sale by Owner.” In the event that we didn't sell this home on our own, it was our intention to list it with an agent as soon as we had closed on the purchase our new home. Literally, from the day we put the sign in front of our home and listed it on a “For Sale by Owner” website we were inundated with phone calls from real estate agents. We were told many lies and were constantly harassed; although we had already made it quite clear to every agent who called, and there were more to 60 who did; that we were willing to pay half the commission-the same as they would have received had they sold another agent's listing. We also told every agent that called that we had already lined up an agent to sell our home in the event that we chose to no longer sell it ourselves. Our deadline was the closing date of our new home purchase. We did have an interested buyer who shortly after our closing date decided to keep looking so we listed our home with a local agent so that we could concentrate on getting our new home ready for our moving date at the end of the school year. This agent showed our home a maximum of two times and got an offer which we accepted. We ended up getting $1,000 less than we had wanted in a declining Real Estate market. The agents who had called many times to harass us called our listing agent on a number of occasions and he lied telling them that the house was under contract when in fact it wasn't at that time-clearly a breach of our agent's fiduciary duty. Quite frankly an ethical agent would have continued to show our home until closing in the event that the deal fell through.
But wait, there's more. Our agent also acted as the buyer's mortgage broker. At the closing table, we learned that he had signed documents from the buyer stating that he (our agent) represented them and we had signed documents stating that he represented us. We also learned that the buyer had effectively put down approximately 2-3% of the purchase price when financed closing costs were factored into the equation. Their first mortgage had what we thought was a high fixed rate and their second mortgage came with a rate in excess of 8.5%. Because the closing happened in August, literally in the midst of the first wave of the meltdown, if they didn't close on the day they did (August 31st, 2007), Citibank wasn't going to extend their rate. When my wife & I have bought houses in the past, it had always been a very happy day. These people looked absolutely shell-shocked at the closing table. I'm not convinced that they knew just how much their monthly payment was going to be until closing day. We knew down to the penny well in advance having budgeted and planned everything on a spreadsheet. Were these people stupid or just inexperienced and mislead by a greedy combination of real estate agent & mortgage broker? I'm extremely confident that they are intelligent people but inexperienced and taken advantage of by an unscrupulous agent.
The banks are also culpable. Prior to bank deregulation, Savings and Loans provided mortgages to home buyers and kept these loans on their books. Non-performing loans had a negative effect on the S&L's profitability which of course caused tighter lending guidelines such as job stability and decent down payments in order for prospective home buyers to be approved for a mortgage. Way back then, a home buyer had to actually save up enough money for a down payment 10 or even 20% before a bank would ever consider underwriting a mortgage. The checks & balances kept banks solvent and borrowers responsible. Although this approach worked, some cried foul stating that the regulated system was racist and discriminatory-and there certainly was some truth to this. Skipping forward to the present, banks made a bundle on mortgages over the past five or six years. For the most part, they allowed their underwriting criteria to be stretched so far out of alignment that almost anyone could and indeed did, qualify for a mortgage despite their ability to pay. Some folks even applied for and received mortgages for more than the property was worth. Sometimes for as much as 25% more than their property was worth!
Under the prior system, 125% mortgages would not have been possible because of course these loans were held on the banks' books and could have led to losses that would have had to have been absorbed directly by the bank.
So what went wrong? Under the current system, these loans were sold to the big Wall Street investment firms who repackaged them as collateralized mortgage obligations (CMO's), Mortgage Backed Securities (MBS's) and other similar acronyms. These instruments were then sent to the ratings agencies for their blessing and more importantly a letter rating. Many of these structured finance deals receive AAA ratings-the highest ratings available meaning that in theory, these instruments were least likely to default. How does one create a 'triple A' or AAA rated financial instrument out of sub-prime mortgages? Herein lies the magic. These Asset Backed Securities (ABS) are made up of different tranches or slices, each carrying a different risk and reward level. The first dollar of principle and interest is applied to the securities with the highest rating, and the first dollar of loss is applied to the tranche with the lowest ratings. The lower slices are designed to provide a security blanket that in theory protects the higher-rated securities. The investment banks that package or 'structure' these securities in order to earn fat fees when they sell them to investors are the same entities that pay the ratings agencies to rate these instruments. Clearly the possibility for conflict of interest is present. If investors and not the investment banks that stand to rake in millions in fees were to pay for the rating, the potential for this conflict of interest would be negated. Furthermore, the investment banks have a vested interest in convincing the ratings agencies of the credit worthiness of these securities.
So we've already pointed fingers at homeowners, some greedy, many more I suspect, naïve or uninformed, real estate agents-one out of more than 60 in my experience was a gem, mortgage brokers & bankers, banks, Wall Street and ratings agencies so who's left? The Federal Reserve and the Government of course.
The Fed as its known is responsible of the country's monetary policy and for supervision and regulation of banks. This is the definition of the Fed's roles in their own words:
Monetary Policy
The Fed is best known for its role in making and carrying out the country's monetary policy-that is, for influencing money and credit conditions in the economy in order to promote the goals of high employment, sustainable growth, and stable prices.
The long-term goal of the Fed's monetary policy is to ensure that money and credit grow sufficiently to encourage non-inflationary economic expansion.
The Fed cannot guarantee that our economy will grow at a healthy pace, or that everyone will have a job. The attainment of these goals depends on the decisions of millions of people around the country. Decisions regarding how much to spend and how much to save, how much to invest in acquiring skills and education, how much to spend on new plant and equipment, or how many hours a week to work may be some of them.
What the Fed can do, is create an environment that is conducive to healthy economic growth. It does so by pursuing a goal of price stability-that is, by trying to prevent inflation from becoming a problem.
Inflation is defined as a sustained increase in prices over a period of time.
A stable level of prices is most conducive to maximum sustained output and employment. Also, stable prices encourage saving and, indirectly, capital formation because it prevents the erosion of asset values by unanticipated inflation.
Inflation causes many distortions in the market. Inflation:
· hurts people with fixed income-when prices rise consumers cannot buy as much as they could previously
· discourages savings
· reduces economic growth because the economy needs a certain level of savings to finance investments that boost economic growth
· makes it harder for businesses to plan-it is difficult to decide how much to produce, because businesses can't predict the demand for their product at the higher prices they will have to charge in order to cover their costs
Bank Regulation & Supervision
The Fed is one of the several Government agencies that share responsibility for ensuring the safety and soundness of our banking system. The Fed has primary responsibility for supervising bank holding companies, financial holding companies, state-chartered banks that are members of the Federal Reserve System, and the Edge Act and agreement corporations, through which U.S. banking organizations operate abroad.
The Fed and other agencies share the responsibility of overseeing the operation of foreign banking organizations in the United States. To insure that the banking system remains competitive and operates in the public interest, the Fed considers applications by banks for mergers or to open new branches.
The passage of the Gramm-Leach-Bliley (GLB) Act in November 1999, was the culmination of a multi-decade effort to eliminate many of the restrictions on the activities of banking organizations.
Some of the main provisions of the GLB are:
· Repeals the existing limitations on the ability of banks to affiliate with securities and insurance firms
· Creates a new organizational form that allows banking organizations to carry new powers. This new entity called a "financial holding company," (FHC) and its non-banking subsidiaries are allowed to engage in financial activities such as insurance and securities underwriting
The Fed's enlarged role as an umbrella supervisor of FHCs is similar to its role in supervising bank holding companies. The Federal Reserve Banks will supervise and regulate the FHCs while each affiliate is still overseen by its traditional functional regulator.
The Fed has to delineate the financial relationship between a bank and other FHC affiliates. Its primary goal is to establish barriers protecting depository institutions from the problems of a failing affiliate. To do this efficiently the Fed has to ensure increased communication, cooperation, and coordination with the many supervisors of the more diversified FHCs.
The Fed has access to data on risks across the entire organization, as well as information on the firm's management of those risks. Regulators will be in a position to evaluate and presumably act on risks that threaten the safety and soundness of the insured banks.
It would appear that the Fed has failed to curb housing inflation which played a role in this entire debacle then made matters worse and in their efforts or lack there of, to properly supervise banking institutions.
Finally the government, a.k.a. Uncle Sam, the big Kahuna 10,000 pound elephant etc. Where do we begin? How about with: 'Where were they?'
It now appears that after millions of horses are out of the barn (some horses ran, others were foreclosed upon) the government wants to step in with a bailout to save the rest. While nobody wants to see people lose their homes, the question that must be raised is this: What about all those of us who were responsible? Those of us, who scrimped and saved up a decent down payment, bought less-house than we could afford and who live below our means? Many of us drive older cars and keep them longer. We don't run out and buy the latest and greatest at inflated prices, we watch, wait and budget.
When the World Trade Center was attacked, families who decided not to sue received government payouts and we certainly don't begrudge them as I'm sure that given the choice, they'd prefer to still have their loved-ones over the money. The problem, in typical government fashion is that those who were responsible and had insurance policies in place received less than those who were irresponsible and didn't plan ahead. I'm not talking about dishwashers at Windows on the World and blue collar workers; I'm talking about executives, traders and people who should have known better.
Now our government, the same government that sat by idly watching as this bubble got bigger and bigger despite many warnings, wants to step in and bailout people who are in danger of losing their homes. There has been no talk about educating people, let's not teach people to fish, rather, let's give them a fish and bail them out once again at the expense of those who are responsible.
Clearly, by keeping the majority of the population financially ignorant, there is a lot of money to be made by the poverty industry.
About The Author
Richard Gandon is the Managing Director of The Financial Learning Network, dedicated low-cost online to financial literacy seminars. His 'Understanding the Stock Market" course was made into a CD-ROM and is in use in more that 50,000 classrooms nationwide. Every year since 1998, Richard has teamed up with a fifth grade class in Georgia to teach them about the stock market online. Richard has more than 20 years of financial services industry experience including as a broker, trader, licensing trainer and managed both a sales group and Central Inquiry, a Historical Equity & Index Research group at Standard & Poor's.
http://financiallearningnetwork.com/
Manage Debtors And Creditors To Improve Liquidity
by: Terry Cartwright
Sales turnover and net profits may follow a rollercoaster pattern familiar to most business but when the cash flow dries up the game is over. Urgent attention to the management of working capital can provide every business with the cash resources to exploit its potential
Most businesses will experience periods of lower sales and times when losses may be incurred as expenses exceed sales income. The situation is recoverable by producing higher sales and reducing costs and expenses. A business that runs out of cash resources is dead in the water.
Debtors and sales income management
The objective is to obtain payment from customers as fast as possible improving cash flow and minimising the risk of bad debts and not being paid at all.
Payment terms offered to customers should be clearly stated and fixed as standard accounting figures according to the amount of funding the business is prepared to offer its clients. Because that is exactly what credit terms to customers is, free cash funding in exchange for eventual sales income.
Consideration should be given to using a cash discount system to encourage sales invoices to be paid faster. In some businesses it would be appropriate to obtain up front deposits and scheduled payments. Review this practise to obtain a greater proportion of payments faster to improve liquidity.
New customers should be subjected to a strict credit check. All new customers where credit check details are not available should be invoiced by the accounting function on a pro forma basis. Any businesses who fail to meet the highest credit score required should remain on a pro forma invoice basis.
The credit control function needs consideration from the first step of issuing customers with a sales invoice, producing customer statements of the debt owed and a set procedure of credit control letters and telephone follow ups that actually achieve the end result of getting the cash in. An essential process in the credit control procedure would be to ensure the accountant or bookkeeper always issues sales invoices and customer statements promptly.
Incorporate into the terms of trade a set of rules to invoke interest payments for late payment and late payment debt recovery costs. In the UK the Late Payment of Commercial Debts (Interest) Act 1998 sets out the statutory rights of business to claim interest and costs.
Consider the possibility of factoring sales invoices due from debtors either by selling the sales invoices to a third party or raising cash on the value of those invoices pending payment. Factoring has the disadvantage of often not being cheap but does have the advantage of generating a regular stream of cash.
Bad debts have a double impact on any business and all possible steps should be taken to reduce the risk. A bad debt not only uses valuable resources in chasing the debt with the negative impact on cash flow and liquidity but also is a straight loss to the net profit and a strong indicator that the accounting function is failing the business.
Creditors and expenditure management
The objective is to extend the time allowed for payment of expenses the business incurs.
Consider the frequency of all payments made to suppliers. Small business have alternative payment terms available for the payment of taxes. In the UK value added tax can be paid quarterly or monthly, vat cash accounting can ease the tax liability due in critical periods and paye payments can be paid quarterly rather than monthly for smaller businesses.
Every opportunity should be considered to improve liquidity and that would include the frequency which employee salaries and wages are paid. A sensitive area since it involves the most important people to the business success but adopting a payment period to coincide with the receipt of cash from customers may in some circumstances balance liquidity.
General creditors are a major area to be addressed in terms of both the amount of credit received from suppliers and the time required to pay those creditor accounts. Larger orders on extended payments terms creates a risk area should the goods not be used but can greatly assist cash flow as the business is effectively borrowing free cash from its suppliers.
Stock levels are crucial to financial management of the creditor total. High stock levels use valuable working capital which is offset in part by the level of creditors. Higher levels of stock financed by free credit from creditors lowers the cash flow requirements on the other parts of the business.
About The Author
Terry Cartwright designs UK Accounting Software at http://www.diyaccounting.co.uk/ on excel spreadsheets providing complete Bookkeeping solutions http://www.diyaccounting.co.uk/smallbusinessaccounting.htm for small to medium sized businesses
What Does RICH Mean To You?
by: Paul Mara
Have you ever been asked that question?
I was!
Back in 1979 while doing a “pressure cooker” course on selling with an insurance company!
I wondered how relevant that question was, considering my personal and financial situation at the time.
No wife!
No job!
I was a solo dad with three children, one of them a baby less than a year old.
“You must be kidding”, I thought to myself at the time!
What relevance can that have to me learning to sell insurance policies?
How naive I was!
The course that followed had an unbelievably positive and a life changing effect on me. Although it only took affect several years later. The seed had been sown!
You’re probably saying to yourself, “How can a course on selling life insurance have that much effect on anyone?”
Well that Insurance Company was the one created by W Clement Stone.
I found the course to be very challenging, because in New Zealand at that time we weren’t really aware of the “Hype” that Americans used to motivate their workers to perform at their optimum. It pleases me each time I think about it now, to know that I passed, top of the class and received a book as a reward, this book was already a best seller, but I’d never heard of it.
Success Through a Positive Mental Attitude, of which W Clement Stone was co-author with Napoleon Hill. They shared their secrets on becoming wealthy and having a healthy, productive lifestyle, utilising the power of a "positive mental attitude". Sadly my motivation and my persistence waned and I stopped selling insurance.
I kept all the information, studies and the book I had won.
The “BOOK” Success Through a Positive Mental Attitude, which I never opened or read for probably 3 years.
However I did continue two very positive things! I continued to read on a daily basis some of his quotes and I even put them on the wall. My two
favourites were;
“Success is achieved and maintained by those who try and keep trying” and
“Whatever the mind of man can conceive and believe, it can achieve”.
The second thing and the one which I believed the most important was “Goal Setting” I enjoyed the challenge and had learned enough during the course to
realise its long term value.
Life began to take several steps in the right direction not major ones, but positive ones.
Several important things happened in my life over the next 12 years.
Around 1981-2 I began reading, Through a Positive Mental Attitude,
I applied so many of their ideas and formulae, and by 1992 mine and my families life had completely turned around, this included a wonderful wife and two more children and a list of goals I had made in 1986 after father passed away, became a reality.
I had arrived finally, or so I thought, and was ready to respond to the question that still continued to bother me after all those years.
What Does RICH Mean To You?
I had some answers!
That’s what I believed anyway!
1 - " A consistent income created from hard work
2 - " A healthy family
3 - " A loving wife and loving children
4 - "A nice car
5 - " A great holidays
There are other things, but they are either directly or indirectly related to the above list.
Even now when I look at that list it seems to have “hit the nail on the head”.
Then within three years it all slowly began to fall apart, business wise, thankfully not family wise our “Polynesian Inheritance” is so strong, family always come first!
Where was I going wrong?
What was I doing wrong?
Whose fault was it?
Why now when we seemed so successful?
A myriad of questions passed through my mind, I began to blame myself, I was making wrong decisions.
I had begun a downward slide a personal one that took away my mental fortitude, my belief, my self-confidence, I lost motivation, the thing that really hurts me when I think back is that, “I didn’t really care anymore” I began to think that the world owed me, I was a good person so for that I should be rewarded. What a “Pity party”, darn pitiful is all I can say now!
After all these years I am finally getting back on track!
I realise that age and the new generation means I can never be what I was back then, why?
Well that’s the past and I now live for today!
Not tomorrow!
I have found a “Certain Way” that has been available to each and every one of us for more than ninety years.
Probably what W Clement Stone and Napoleon Hill and thousands of others used to become rich, but forgot to tell us some very vital points, whether they did it consciously or just took it for granted that we would figure it out, I am really not to sure.
Want to find out as I have???
The real meaning of what “RICH” is, go to my website “Right Now” and find out how you to can have a “RICH” balanced and fulfilled life with “Prosperous Equilibrium”.
PS. Get a “FREE COPY” about this “Certain Way”, with THE SCIENCE OF GETTING RICH check it out right now!
http://www.prosperous-equilibrium.com/
About The Author
I have been involved in several businesses over the last 38 years, some very successful and some not so good! But I love it!
I began as a Motor Mechanic who owned several car repair businesses employing up to 15 people in New Zealand and Tahiti. When my father passed away in 1986 I took over his work as a Medical Interpreter and Guide in New Zealand, being fluent in three languages. We owned apartments for clients also. We now live in Australia and am now involved in Internet Marketing and loving the challenge. A very happy "Baby Boomer"!
http://www.prosperous-equilibrium.com/
Superior Leader - Warren Buffet
by: Michael J. Spindler
Superior business leader and American investor Warren Buffett is often called “Oracle of Omaha” or the “Sage of Omaha” and philanthropist. (Wikipedia, 2007) Buffett is the CEO, and the biggest shareholder of the Berkshire Hathaway Company. Buffett’s has an estimated current net worth of approximately $52 billion in US funds. Forbes Magazine ranks Buffett the third richest person in the world in September 2007 behind Carlos Slim and Bill Gates.
Warren Buffett is known for his economical and plain lifestyle. Buffett still lives in the same Omaha, Nebraska house that he purchased in 1958 for $31,500 with a current value of $700,000. In 1989, Buffett spent $9.7 million of the Berkshire’s funds on a corporate jet. He jokingly named it “The Indefensible” because of his past criticisms of such purchases by other CEOs.
(Wikipedia, 2007)
Warren Buffett decided to make a commitment to give his fortune to charity back in June 2006. Buffett’s charity donation is approximately $30 billion, which is the largest donation in the history of the United States. The donation was enough to more than double the size of the foundation with 83% of it going to the Bill and Melinda Gates Foundation. Buffett believed that his family had enough money to get started in life so Buffett decided to give his fortune to charity. Buffett’s annual salary in 2006 was only $100,000. In 2007, Buffett was listed among Time Magazine’s 100 Most Influential People in the World. (Wikipedia, 2007)
What makes Warren Buffett a good business leader? This is what everyone wants to know because Warren buffet is so successful. It all starts with leadership. Warren buffet is a true leader where his leadership makes a difference in the world. Leadership is very much related to change and Warren Buffett has the capabilities of leadership change to fit the changing world. Warren Buffett has repeatedly demonstrated the ability to map read in the irregular waters of change. Is Warren Buffett born a leader? The authors of this paper believe not. Experience and research has shown little evidence that an individual who comes to power is a “born leader.” Warren Buffett took the falls that any other leader has to take. Warren Buffett learned from his mistakes and turned his mistakes into a positive thing. Warren Buffett shares his leadership at all organizational levels and Buffett is empowered to share leadership responsibilities. In the world of business, many titles related to leadership roles are actively used in business and Warren Buffett wears those titles to make him effective in multiple leadership positions in business. Distinction between good leadership and good management is made often. Managers are made to be organizational, controllers and budgeters. Warren Buffett has leadership in all three departments and one must have these traits to be a good business leader.
Another important trait in Today’s business leadership is communication. Warren Buffet is a skilled communicator in all aspects of life. Communication is the real key of leadership. Skilled communicators have an appreciation for positioning in the business world. Warren Buffet is experienced at positioning himself at the right place at the right time. Warren Buffet has the understanding of the people he is trying to reach and what he can and cannot hear from the people. Knowledge of audiences’ needs and wants gives the orator the ability to listen. Warren Buffett is an excellent listener with the ability to convey his understanding.
When Warren Buffett talks, people listen. Warren Buffett can send a message through an open door and does not have to push the message through a wall.
Leadership is crucial to any successful business and good leadership is what Warren Buffett is all about. This is what makes Warren buffet a good business leader.
Mr. Warren Buffett’s investment strategies and course of leadership are shining examples of characteristics shared by cognitive theorists. Cognitive theory is an approach of explaining behavior through perception, anticipation, and thinking. Mr. Buffett’s continual approach of analyzing both possible investment choices, market trends, and the ability to place management resources of the right caliber in the right position has consistently brought this investor to the forefront amongst peers and the marketplace. At the core of every sound investor is a creative innovator.
Innovation demands creativity. Creativity in turn draws on our cognitive faculties, across the full amplitude from emotion to reason. In the number-heavy world of global investing, innovative thinking is critical. Innovative investors decipher future trends, spot likely winners by combining science (financials) with art (acuity and perception) and continuously mitigate risk. They assess user needs, product features, the proper deployment of money, professional organizational structures and risk management. (Kore Kalibre, 2006)
Mr. Buffett’s instinct and ability to interpret market trends is also held by tight reigns. Despite over 50 years of growth, Mr. Buffett always adheres to one of the most basic business principles: “…only compete where you have a competitive advantage. Warren Buffett refers to staying within your circle of competence. Social psychologists tell us, though, that we are prone to overconfidence when it comes to assessing our abilities…” (Arthridge, 2006) A man of Warren Buffett’s position and track record could easily be derailed to a sense of over confidence. The principle of only competing within your range of competitive advantage is a principle that can be applied to many other areas in life, and Mr. Buffett’s ability to work and live by this idea has allowed him to continue forward with minimal bruising.
By establishing the previous examples, the authors can reinforce the principles of cognitive theory in that Mr. Buffett behavior patterns are clearly dictated by thought processes, which include interpretation, analysis, and foresight. “As experiences and events gain meaning and value, the process becomes increasingly top down as the mind in (a) attempt at an orderly process influences perception though beliefs, goals and external process” (Gardener, 2007)
Warren Buffett’s is a self empowered leader, because he is loyal, sets goals, plans a strategy for achievement, and stays committed until he accomplishes his purpose. Up to date, he is the greatest stockbroker of all-time. He is a very conservative investor that prefers to invest in companies that sell name brand products that he uses. For example, Coca-Cola, Gillette Razors, See’s Candy, Gulfstream Jet, and GEICO are the major companies he invested in. In the nineties his assets quadrupled in less than five years. He is a smart investor that usually does not take big investment risks. For example, he will not invest in internet stock, because the return is unpredictable. He likes to invest in companies that he is sure will be successful 20 years later. He buys the company with the intentions of keeping it forever. Usually, the management team of each company is the same staff that sold it Warren Buffett from the beginning. He stays loyal to his partners, and the team workstheir best to keep him happy.
After Warren Buffett’s wife died, he decided to donate 85% of his money to charity. However, “he wants his money to be used the same year he donates it”.(Harris, 2006) The requirement will accelerate the process to help the world. According to Fortune magazine, five-sixths of his money will go to the Bill and Melinda Gates Foundation. This foundation which focus on finding cures for diseases that are common in poor nations. The rest of the money will be split among four other charities, that are each run by his three children and one that is in his late wife’s name.
Warren Buffett is not a huge spender. In fact, he still lives in the same house he bought 40 years ago. Warren “told ABC News “Nightline” that being born into wealth did not entitle his children”(Harris, 2006). In addition, he told Fortune magazine that, “A very rich person would leave his kids enough to do anything, but not enough to do nothing.”(Harris, 2006) In other words, he wants his children to work earn their money and value hard work and smart choices.
In the year 2006, Warren’s first annual donation to the Bill and Melinda Gates Foundation was $1.5 billion and the rest was divided among the four charities. He was the first person to make a donation better than Bill Gates, the richest man in the world. It seems as if Bill Gates and Warren Buffett set a good example and lead others to be more generous, because now the Barron Hilton has committed to donating half of his fortune to charity also. Barron Hilton is the founder of the Hilton Hotels and is worth $2.3 billion. Hopefully, a trend started among the fortunate to give to the less fortunate.
The personality of Warren Buffett ties to the Social Cognitive Level, because he tries to understand and make sense of other people. He observes the differences in social knowledge when dealing with people. Social cognition refers to making sense of ourselves, others, and how the information is used. In the sixties and seventies Albert Bandura and Walter Mischel were psychologists, studying personality development. They found that social learning and cognitive principles improve ones abilities to self-regulate and to follow goals. Warren investment choices were successful, because he conditioned his the way he processed information, choices, and expectations.
References - DO Not Strip References!
Gardener, J. (2007). Cognitive Behavior Theory. Retrieved December 26, 2007, from http://www.cognitivebehavior.com/theory/index.html
Harris, D. (2006, June 26,). Warren Buffett's Unprecedented Generosity. Retrieved December 31, 2007, from http://abcnews.go.com/print?id=2118501
Kore Kalibre (2006, March-April 2006). Warren Buffett’s Innovation: Staying away from Rapid Product Innovation. Retrieved December 26, 2007, from http://www.korekalibre.com/index.php?option=com_magazine&task=show_magazine_article&magazine_id=26
Legg Mason Value Trust (2006, October 26). Legg Mason Value Trust (LMVTX) Letter to Shareholders. Retrieved December 26, 2007, from http://markets.kiplinger.com/kiplinger?GUID=323448&Page=MediaViewer&Ticker=LMVTX
Wikipedia (2007, December 25). Warren Buffett. Retrieved December 18, 2007, from http://en.wikipedia.org/wiki/Warren_Buffett
About The Author
Michael J. Spindler - http://www.localmusichits.com - A Musicians Community for Fans and the Bands to promote hits in local music on a national stage.
Free to distribute - However- Do not strip Article References, remove the HTML if needed, but keep the URL’s. Do Not Remove the Authors name, Michael J. Spindler and keep the hyperlink to http://www.localmusichits.com - I use software that compares my “library” and scours the web for placements. When I find my article on your site and you have not followed the above binding agreements, Lawyers will be involved.
How to Successfully Navigate Your Business through an Economic Downturn
by: Terry H Hill
An economic downturn is a phase of the business cycle in which the economy as a whole is in decline.This phase basically marks the end of the period of growth in the business cycle. Economic downturns are characterized by decreased levels of consumer purchases (especially of durable goods) and, subsequently, reduced levels of production by businesses.
While economic downturns are admittedly difficult, and are formidable obstacles to small businesses that are trying to survive and grow, an economic downturn can open up opportunities. A well-managed company can realize the opportunity to gain market share by taking customers away from their competitors. Resourceful entrepreneurs capture the available opportunities, from an economic downturn, by developing alternate methods of doing business that were never implemented during a prior growth period.
The challenge of successfully navigating your business through an economic downturn lies in the realignment of your business with current economic realities. Specifically, you, as the business owner, need to renew a focus on your core clients/customers, reduce your operating expenses, conserve cash, and manage more proactively, rather than reactively, is paramount.
Here are best practices that will help you to successfully navigate your business through an economic downturn:
Goals:
The primary goal of any business owner is to survive the current economic downturn and to develop a leaner, more cost-effective and more efficient operation. The secondary goal is to grow the business even during this current economic downturn.
Objectives:
• Conserve cash.
• Protect assets.
• Reduce costs.
• Improve efficiencies.
• Grow customer base.
Required Action:
• Do not panic… History shows that economic downturns do not last forever. Remain calm and act in a rational manner as you refocus your attention on resizing your company to the current economic conditions.
• Focus on what YOU can control… Don’t let the media's rhetoric concerning recessions and economic slowdown deter you from achieving business success. It´s a trap! Why? Because the condition of the economy is beyond your control. Surviving economic downturns requires a focus on what you can control, i.e. your relevant business activities.
• Communicate, communicate, and communicate! Beware of the pitfall of trying to do too much on your own. It is a difficult task indeed to survive and to grow your business solely with your own efforts. Solicit ideas and seek the help of other people (your employees, suppliers, lenders, customers, and advisors). Communicate honestly and consistently. Effective two-way communication is the key.
• Negotiate, negotiate, and negotiate! The value of a strong negotiation skill set cannot be overstated. Negotiating better deals and contracts is an absolute must for realigning and resizing your company to the current economic conditions. The key to success is not only knowing how to develop a win-win approach in negotiations with all parties, but also keeping in mind the fact that you want a favorable outcome for yourself too.
Recommended Best Practice Activities:
The Nuts and Bolts… The following list of recommended best practice activities is critical for your business' survival and for its growth during an economic downturn. The actual financial health of your particular business, at the outset of the economic downturn, will dictate the priority and urgency of the implementation of the following best practice activities.
1. Diligently monitor your cash flow: Forecast your cash flow monthly to ensure that expenses and planned expenditures are in line with accounts receivable. Include cash flow statements into your monthly financial reporting. Project cash requirements three-to- six months in advance. The key is to know how to monitor, protect, control, and put cash to work.
2. Carefully convert your inventories: Convert excess, obsolete, and slow-moving inventory items into cash. Consider returning excess and slow-moving items back to the suppliers. Close-out or inventory reduction sales work well to resize your inventory. Also, consider narrowing your product offerings. Well-timed order placement helps to reduce excess inventory levels and occasional material shortages. The key is to reduce the amount of your inventory without losing sales.
3. Timely collection of your accounts receivable: This asset should be converted to cash as quickly as possible. Offer prompt payment discounts to encourage timely payments. Make changes in the terms of sale for slow paying customers (i.e. changing net 30 day terms to COD). Invoicing is an important part of your cash flow management. The first rule of invoicing is to do it as soon as possible after products are shipped and/or after services are delivered. Place an emphasis on reducing billing errors. Most customers delay payments because an invoice had errors, and therefore, will not pay until they receive a corrected copy. Email or fax your invoices to save on mailing time. Post the payments that you have received and make deposits more frequently. The key is to develop an efficient collection system that generates timely payments and one that gives you advance warning of problems.
4. Re-focus your attention on your existing clients/customers: Make customer satisfaction your priority. A regular review of your customers' buying history and frequency of purchases can reveal some interesting facts about your customers' buying habits. Consider signing long-term contracts with your core clients/customers which will add to your security. Offer a discount for upfront cash payments. The key is to do what it takes to keep your current customers loyal.
5. Re-negotiate with your suppliers, lenders, and landlord:
i) Suppliers: Always keep your negotiations on the level of need, saying that your company has reviewed its cost structure and has determined that it needs to lower supplier costs. . Tell the supplier that you value the relationship you have developed, but that you need to receive a cost reduction immediately. Ask your supplier for a lower material price, a longer payment cycle, and the elimination of finance charges. Also, see if you can buy material from them on a consignment basis. In return for their price concessions, be willing to agree to a long-term contract. Explore the idea of bartering as a form of payment.
ii) Lenders: Everything in business finance is negotiable and your relationship with a bank is no exception. The first step to successful renegotiations is to convince your lenders that you can ultimately pay off the renegotiated loan. You must point out to your lenders why it would be in their best interest to agree to a new arrangement. Showing them your business plan and your action plan that includes your cost-savings initiatives, along with "the how" and "the when" of the implementation of your plan is the best way to achieve this goal. Explain to them that you will need their cooperation to insure that you can survive, as well as, grow your business during the economic downturn. Negotiated items include: the rate of interest, the required security to cover the loan, and the beginning date for repayment. A beginning date for repayment could be immediate, within several months or as long as a year. The key is to realize that your lender will work with you, but that frequent and continual communications with them is critical.
iii) Landlord: Meet with your landlord. Explain your need to have them extend the term of your lease at a reduced cost. Make sure you have a clause in the lease agreement that entitles you to have the right to sublet any or all of the leased space.
6. Re-evaluate your staffing requirements: This is a very critical area. Salaries/wages are a major expense of doing business. Therefore, any reduction in the hours worked through work schedule changes, short-term layoffs or permanent layoffs has an immediate cost saving benefit. Most companies ramped up hiring new employees in the good times, only to find that they are currently overstaffed due to slow sales during the economic downturn. In terms of down-sizing your staff, be very careful not to reduce your staff to a level that forces you to skimp on customer service and quality. Consider the use of part-timers or the current trend of outsourcing certain functions to independent contractors.
7. Shop for better insurances rates: Get quotations from other insurance agents for comparable coverage to determine whether or not your present insurance carrier is competitive. Also, consider revising your coverage to reduce premium costs. The key is to have the right balance-to be adequately insured, but not under or over insured.
8. Re-evaluate your advertising: Contrary to the other cost-cutting initiatives, evaluate the possibility of increasing your advertising expenditures. This tactic realizes the advantage of the reduced "noise" and congestion (fewer advertisers) in the marketplace. The downturn period a great opportunity to increase brand awareness and create additional demand for your product/service offerings.
9. Seek the help of outside advisors: The use of an advisory board comprised of your CPA, attorney, and business consultant offers you objectivity and provides you with professional advice and guidance. Their collective experience in working with similar situations in past economic downturns is invaluable.
10. Review your other expenses: Target an across-the-board cost-cutting initiative of 10-15%. Attempt to eliminate unnecessary expenses. Tightening your belt in order to weather the downturn makes practical, financial sense.
Proactively managing your business through an economic downturn is an enormous challenge and is critical for your survival. However, through well-planned initiatives, an economic downturn can create tremendous opportunity for your company to gain greater market share. In order to take advantage of this growth opportunity, you must act quickly to implement the above best business practices to continue realigning and resizing your company to the current economic conditions.
Copyright © 2008 Terry H. Hill
You may reprint this article free of charge in your newsletter, magazine, or on your website, provided that the article is unedited, and that the copyright, author's bio, and contact information below appears with each article. Articles appearing on the web must provide a hyperlink to the author's web site, http://www.legacyai.com
Terry H. Hill is the founder and managing partner of Legacy Associates, Inc, a business consulting and advisory services firm. A veteran chief executive, Terry works directly with business owners of privately held companies on the issues and challenges that they face in each stage of their business life cycle. To find out how he can help you take your business to the next level, visit his site at http://www.legacyai.com
To download a copy of this article, click on this link: http://www.legacyai.com/Article_Downturn.html.
About The Author
An author, speaker, and consultant, Terry H. Hill is the founder and managing partner of Legacy Associates, Inc., a business consulting and advisory services firm based in Sarasota, Florida. A veteran chief executive, Terry works directly with business owners of privately held companies on the issues and challenges that they face in each stage of their business life cycle. Terry is the author of the business desk-reference book, How to Jump Start Your Business. He hosts the Business Insights from Legacy Blog at http://blog.legacyai.com and writes a bi-monthly eNewsletter, "Business Insights from Legacy eZine."
By signing up for Business Insights from Legacy eZine at http://tinyurl.com/2t4fxs you can keep abreast of the latest tips, tactics, and best business practices. You will, also, receive the free eBook, Jump Start Your Knowledge of Business.
Contact Terry by email at http://www.legacyai.com or telephone him at 941-556-1299.
Kamis, 11 Desember 2008
Effective Herbal Weight Loss Methods
By Lesley Lyon
Obesity is one of the major problems now a days the reasons being many. Maintaining healthy life by using herbal products is called as Herbal life. Herbal life products contain herbal components and help in losing weight. The genuine herbal weight loss combined with exercise can definitely help in getting rid of excessive weight.
Herbal products are prepared from the leaves, stems, roots, bark, buds and flowers of plants. They are taken in their natural form or refined into tablets. When compared with other weight loss products, herbal products are more effective and less in calories. Herbal products are rich in taste. Herbal products help in losing weight in a very short span of time without any risk and there are no restrictions in diet.
Some of herbal medicines manufactured for weight loss are:
Ephedra: This is a stimulant, which suppresses the appetite. Small amounts can be taken but it is not recommended for diabetic or heart patients.
PPA (PHENYL PROPANOL AMINE HYDROCHLORIDE): Researchers say that it improves weight loss when taken with a low calorie diet. FDA has approved it with a warning on their labels.
Herbal teas: The ingredients, which promote weight loss, are locus plant, ginseng, buchu leaves and papaya. Herbal teas are growing in popularity.
Amino acids (CARNITINE): This enhances the burning of fat. Since it has calories, it increases the calorie intake also.
Fucus vesiculosis: This is a sea vegetable having iodine, potassium, iron, magnesium and calcium. Since it contains iodine, it helps in thyroid hormone production to maintain metabolism in our body.
Gallium Aperine: This is a diuretic and lymphatic cleanser. It is used to clear the body of toxins.
Garcinia Cambogia is a natural appetite suppressant and boosts metabolism.
Taraxacum Officinalis has a rich source of vitamins like A, D, C and B and minerals, iron, magnesium, Zinc and manganese.
Glycolrrhiza Glabra is a tonic stimulant for the digestive system.
Erythrea Centauriumis is an excellent purifier of blood and a general tonic
Pauline Cupani boosts energy levels
Curcuma Longa was used three thousand years ago as a treatment for obesity
Zingiber Officinalis stimulates energy production and improves digestion
Herbals are most popular dietary supplements. Weight loss can be achieved through correct diet plan, regular exercise and brisk walk. Herbal products not only help in weight loss but are also good in taste. Herbal life products are les expensive compared to other weight loss pills. Herbal weight loss program is easy to follow and can fit into any schedule. Exercise is not a must to lose weight with the herbal weight loss program.
About the Author
Visit http://www.healthopts.com for useful weight management tips and choosing successful weight loss Plans. Also, check out http://www.healinglifetouch.info to know how aromatherapy helps lead a healthy life.
Balanced Weight Loss Diets
By Lesley Lyon
Composition of energy value and preparation of food ration is called a diet. A balanced diet is necessary. More fruits and vegetables and a variety of diet should be taken. The best method is to follow a diet plan. Diet plan should be followed strictly for weight loss. Otherwise, health problems like tension, heart attack, cholesterol and diabetes may occur. Diet planning should be followed regularly otherwise it will lead back to obesity. . A balanced weight loss diet is one that provides all nutrients necessary for the body.
While on weight loss program, soup is a supplement and vegetables can be substituted according to taste. Vegetables like asparagus, peas, corn, turnips, cauliflower etc. can be added but beans should be avoided because they are high in calories.
Food containing low calories and low saturated fats should be taken. This makes the body healthier and wards off diseases. Proteins, carbohydrates and vitamins should be taken in regular quantity. Carbohydrates should be less in quantity. Dairy products rich in fat should be avoided. All these measures help people live longer.
A balanced weight loss diet is the diet that gives all the necessary nutrients. Weight loss diet does not ask you to starve. We should take food to gain energy and keep ourselves active. Weight loss diet replaces damaged tissues and cells through proteins, vitamins and minerals that we take in. The more active we are the more energy we need. So it is essential to eat a well balanced diet. A right combination of cereals, vegetables, fruits, milk, yogurt etc should be taken. Enough food provides energy for the body but more food stores it as fat to put on weight.
DAY1: Lots of melons is recommended the first day. Chances are that you lose 3lbs.
DAY 2: Stuff yourselves with all vegetables-unlimited amount or type.
DAY3: Mix fruits and vegetables-except bananas and potatoes.
DAY4: Eat as much as eight bananas and three glasses of milk.
DAY5: Eat 10 oz of lean beef and six tomatoes. Increase water intake to clean the body of uric acid.
DAY6: Eat unlimited amount of beef and vegetables.
DAY7: Take brown rice, all vegetables and fruit juice.
High protein and low carbohydrates food should be taken. Dairy products and fat products should be avoided. Cholesterol leads to heart problems and carbohydrates change into fats. Vegetables, chicken, grains, fish and nuts, which are protein rich and low in calcium, add to diet plans. Regular exercises and walking is a must. This helps in burning excess fat. A balanced weight loss diet provides the nutrients necessary for your body.
Quality as well as quantity of food should be taken close care of. Some tips are:- Milk can be used in place of cream in coffee and eat vegetable salads and drink fruit flavored water.
Advantages of weight loss diet foods:
A diet full of fresh fruits and vegetables not only gives vitamins, nutrition and minerals but also acts as a good antioxidant which wipes out free radicals and plays an imperative role in making us healthy and younger thus enabling us to lose weight in a natural way.
About the Author
Visit http://www.healthopts.com for useful weight management tips and choosing successful weight loss Plans. Also, check out http://www.healinglifetouch.info to know how aromatherapy helps lead a healthy life.
Allow Yourself To Succeed To Your Full Potential
By SuccessClinic
You don’t need another course on how to make millions in the stock market.
You don’t need another program on how to get rich in real estate.
You don’t need any more "secrets" of how to build a massive network marketing business… although my Students have done all these things and more.
You don't need any more information about "how to reach your goals"… although when you follow The Code, you will reach your goals as a matter of course.
You don't need any more courses on how to sell, how to make cold calls, or how to speak with confidence… although your ability to sell and your confidence level will naturally and dramatically increase as you follow The Code.
Now, are you ready for the biggest shocker of all? Here it is:
If you want to truly reach your full potential, you don't need any more "how to succeed" information at all.
I know that sounds crazy, even blasphemous to those people who've spent tons of money on every "how to succeed" program out there. But that's the very point. You've spent all that money, all that time, all that energy… And you're still not where you want to be.
You see, I'm not going to teach you any of those things, not because I don't want to. It's because I don't have to.
You have been told all you need to know about "how to succeed."
Now it's time that you ALLOWED YOURSELF TO SUCCEED to your full potential.
And, as you now know, you can't get that from another "how to succeed" program – because you can never solve a Why-To problem with a How-To solution.
About the Author
On the night of October 20, 1997, a 30-year-old religious studies major named Noah St. John had an epiphany that changed his life. While attending a seminar, he suddenly realized the real, hidden reason so many smart, talented, motivated people stop themselves from success – and saw it had nothing to do with goal-setting, "motivation" or anything being taught in traditional success literature. That very night, with no formal education in business, Noah decided to form a company to teach people around the world the simple steps that remove the hidden barriers to success. Find out more at http://www.successclinic.com
Shopping for a Piano: Acoustic vs. Digital
By E. Chung
The most serious piano teachers will adamantly point their students in the direction of an acoustic piano. For serious piano studying, I agree with this completely for reasons I will discuss shortly. But for many reasons, a genuine handcrafted instrument may not be the best choice for you. With the affordability, portability, and the many features that come with digital pianos, you may wish to head the other way. Summarily, the question of acoustic versus digital boils down to a matter of authenticity versus everything else.
Mostly, the drawbacks of an acoustic piano are matters of practicality, such as price. For what you could get a new, decent quality digital piano with, you’ll be dealing with a rather meager acoustic. This can encompass a number of problems. For instance, aside from any tuning it might need, the overall sound quality of a cheap acoustic piano can be quite poor. This may not just be an issue of bad strings, but can result from an infinite number of possible factors arising from any of the complex mechanics of the piano being in disrepair. Other common problems of old pianos are broken keys and sticky keys, which is when the keys fail to spring up the way they should. There may also be faults with the framework that can range from nuisances to impending hazards. The list of the possible troubles of a bad acoustic continues indefinitely, and it is likely that the piano will need a decent amount of initial maintenance, in addition to periodic maintenance, which is likely to pull a few additional large bills out of your wallet right way.
Also, because of its bulk and weight, an acoustic may be a very difficult accommodation for people living in tight or elevated spaces, such as dorm rooms and certain city apartments. Some buildings may even prohibit pianos, particularly on floors above the ground level, because the weight and bulk of pianos make them quite cumbersome and possibly hazardous to either the tenants or the buildings themselves. This raises the issue of portability as well. Do you gig? Do you relocate frequently? Toting a 500 pound upright piano isn’t possible for most people; moving one across the room is a challenge for most people. If your music should ideally be ready to go, your hulking wooden companion is not going to be sympathetic.
Acoustic pianos also lack the many features present in digital pianos nowadays that may be valuable tools to you. For example, volume control may be necessary in dormitory, or close living, situations. Newer digitals also come with a suite of onboard functions, including on-the-fly recording, voice customization, electronic metronome, and even music mixing features, which you won’t have. You will also lack the benefit of porting your music to your PC; a simple MIDI connector would feed your performance directly into your computer’s audio card without any ambient noise or loss of sound quality, which will probably beat any recording made with an acoustic piano and consumer grade recording hardware available at a neighborhood electronics store.
In light what you’re giving up in bells and whistles, surely you will be at a degree of inconvenience being committed to an acoustic piano. Still, despite the great deal of effort digital piano makers have put into their product, none have been able to truly reproduce the sound and feel of a good acoustic piano. First, lets talk about the piano sound. To most people, casual or occasional listeners of piano music, the sounds made with an acoustic piano and a digital piano are quite identical and equally satisfactory musically. But listen closely, because there is an important difference.
A digital piano outputs high quality recordings of the sounds that were made by a real piano at one time. During the process of making a digital piano, each key of a real concert grand piano is struck a number of times at varying velocities and recorded with sophisticated equipment. This array of high quality recordings will serve as the digital voice, and will give the digital piano a rather broad range of tonality and an overall likeness of an acoustic piano in varying music dynamics. But once the notes have been recorded and finally integrated with the digital piano’s voicing mechanism, they are never going to be changed. Even though the aesthetic quality of the sound may be state of the art, it is the way the sounds should behave but cannot because they are fixed recordings that is the fundamental problem of digital pianos.
An acoustic piano uses a complex array of hammers, strings, a soundboard, and other moving parts that function in collaboration. This means that when any note is played, it is not played with entire independence, but is highly affected by the current state of the surrounding components of the piano. For example, playing a chord on a digital piano will simply result in three notes being played, as they were recorded individually, at the same time, whereas with an acoustic piano, the three notes will interact with each other through the soundboard and become a stew of vibrations, producing a different, more complex, and ultimately richer sound. Lacking this quality of pliability, what comes out of digital speakers will typically be quite simplistic and boring, and will be most unsatisfactory to aficionados of the true piano tone.
An acoustic piano is also an analog instrument, which means is has virtually infinite range. For example, there is no limit to the loudness or softness a note may be played on an acoustic piano. With digital pianos, there is a point at which a minimum or maximum will be achieved. This means there will be occasions when you will not be able to play a note as softly or as loudly as you wish. In order words, true pppp or ffff are probably beyond the scope of digital pianos without you resorting to adjusting the volume dial while you’re performing. Even if you were to do that, the tonal quality of the notes would remain static from that point on, when it would further continue to dull or brighten on an acoustic piano.
Another problem of digital devices is the matter of intervals. In photography, for example, pixels are the intervals. With a traditional film camera, the amount of detail you are able to capture is theoretically unlimited because film is a single and continuous malleable body. The “film” of a digital camera is not single or continuous but is a multitude of pixels, each of which is only able to record a solid block of color. The amount of detail a digital camera is able to capture will depend on how small the pixels are and how tightly they’re packed together. If the pixels, or intervals, are small enough and packed closely enough, the amalgam of the blocks of color they record will appear to be smooth curves and gradients to the human eye.
There is a similar issue of intervals with digital pianos, which is mainly the issue of touch sensitivity. Digital pianos have a finite number of intervals when it comes to key pressure. The more intervals there are and the closer they are to each other, the more realistically the piano will respond to your dynamics. High end digital pianos will have quite a lot of them. But digital pianos within the means of average shoppers may not have sufficient sensitivity. This means that while the vast difference between piano and forte may be noticeable, the most intricate variances of touch pressure may be disregarded. This will be quite a nuisance to pianists seeking a highly responsive instrument, particularly when it comes to meticulous classical music.
It also manifests in pedaling. Piano pedals are ranged. Between simple on and off, or up and down, there are degrees. “Half-pedaling” and “quarter-pedaling” are crude terms describing the manner of pedaling in which the pedal is only pressed partially down in order to create an intermediate effect. For instance, rather than completely depressing the pedal so that the full brilliance of a note is sustained, you may wish to depress it only half way to dampen about half of the note and let only the remainder of it sustain for a subtler, suppressed quality. Certainly a scrupulous pianist will wish to employ the complete range of pedaling available to him, which may not be represented entirely accurately in a digital piano.
Aside from sound, as mentioned previously, key touch is also an important issue. Digital piano makers these days have gone to great lengths to reproduce the feel of acoustic pianos. For the most part, they’ve done a good job. They’ve even gone as far as implementing graded hammer action, which is in line with the hammers of acoustic pianos gradually becoming lighter from left to right. As a matter of fact, if you could take a look at the inner workings of a digital piano, you would be quite surprised and impressed with the complexity of the hammer mechanics. However, as long as digital pianos look the way they do, being the shape and size they are, there is going to be a limit as to how authentically the key feel can be made.
The hammers in a digital piano are simply extensions of the pianist’s fingers. When the pianist presses a key down, it will raise the opposing side of the lever, which touches an electronic pad inside the piano that serves as the string. The hammers in an acoustic piano do not behave this way. Instead of being extensions of the pianist’s fingers, they are rather like projectiles that are sprung at the strings high above them. Imagine the carnival game where you hit the pad on the ground with a mallet, which flings a projectile up the meter towards the bell at the very top. The finger is the mallet, the visible piano key is the pad, the hammer inside the piano is the projectile, and the string is the bell. First of all, this means if you press a key all the way down but not with the minimum amount of force needed, the projectile hammer will never leave its seating and the string will actually never be struck. On the part of the pianist, this launch-pad-like action will need a slightly different technique than the seesaw-like action of digital piano hammers, predominantly in difficult works. Secondly, it will feel noticeably different under the fingers.
The only way this can truly be reproduced in a digital piano is by the use of bona-fide acoustic hammers. And there’s nothing wrong with doing that. But the problem is there isn’t enough room for them inside the compact size of most of the digital pianos today. That’s why as long as they look the way they do, the action of digital pianos will not feel completely akin to that of acoustic pianos. Certain higher end models do integrate the acoustic hammer action simply to recreate the key feel. Even higher end models, which are called “silent pianos,” integrate strings as well and are bona-fide acoustic pianos with the added ability to remove the strings from the action and toggle on digital mode in order to provide volume control! But these tend to be even more expensive than acoustic pianos.
In terms of what the average piano shopper will be able to afford, the difference in the overall performance between a digital and acoustic piano will be stark. To restate what I said at the beginning of the article, it really boils down to the authenticity versus everything else. And the authenticity is usually going to cost you more to get. What you should think about is how important it is to you that the piano truly resembles an acoustic. Are you a classical piano student looking at a long road of perfection and possibly a career as a concert performer? Then a digital piano is probably not what you want to be practicing on, even as a temporary substitution, because there is a good chance it will hurt your technique. It is possible to get financing on an acoustic piano, so I would recommend going that route, using your budget of cash as a down payment. If this is not necessarily what you have in mind for your musical venture, then perhaps a digital piano is all you require. Depending on your needs, it may not be a mere reduction of an acoustic, but a substantial upgrade with all the features you’re going to get. Typically, a digital piano will be more than enough to satisfy one’s musical appetite.
About the Author
E. Chung is a student of classical piano and webmaster at Piano Lessons with Master Teachers, a freely available collection of interviews held with over 30 legendary concert pianists and teachers concerning the art of piano mastery. To learn more, visit his website at http://www.piano-lessons-master-teachers.com.
The City of Live Music
Anyone who lives in Austin knows why the city council adopted the slogan “live music capital of the world” in 1991. For those just visiting, the city offers many opportunities to find out.
The famed music scene of Austin began in the 60s and 70s at the Vulcan Gas Company. Musicians played country music here to crowds of loud and enthusiastic fans. Willie Nelson moved to Austin in 1965 and kick started his career in front of these audiences. He went on to become one of the most successful country music artists of all time. Not long after, the Vulcan Gas Company became known as the Armadillo World Headquarters, or just The Armadillo, and Austin’s music really took off.
As the music scene grew more popular, Austin gained a reputation for welcoming struggling artists. Bands and singers knew they would find receptive audiences at numerous informal establishments and the type of music played expanded to include jazz, blues, rock and roll, and everything in between.
The music scene in Austin has fostered the career of many now famous musicians. Perhaps the most legendary, Stevie Ray Vaughan is one of the most influential blues guitarists in the world. He first played at Antone’s, the club founded by his mentor and record producer, Clifford Antone.
Television and annual festivals have helped Austin develop into the live music capital. The show Austin City Limits first aired on PBS in 1975. The live music experience showcased the variety of artists heard in Austin and helped significantly to grow the city’s music reputation. Almost every kind of music imaginable can be heard at the three day Austin City Limits Music Festival held every September. Since its inception in 2002, it has become one of the premier music festivals in the country.
The Sixth Street area of downtown Austin houses the largest collection of live music venues and is the location of the South by Southwest Festival. SXSW, as it is known, is a music and film festival that has generated more revenue than even the Texas Longhorn’s home games.
Certainly, the times of year that coincide with the music festivals are the most exciting for fans of live music. At any other time of year, tourists may be disappointed with the atmosphere of the famed Sixth Street area. Several of the original, small music venues have closed and in their place are more profitable bars and clubs.
While some may believe the eclectic, small feel of Austin’s music scene is waning, others still revel in the live entertainment.
About the Author
Ki helps buyers and sellers in the Austin real estate market. If you are looking online you can start your Austin home search by searching the Austin MLS on his website. You can also look for information on his Austin Real Estate Blog.
Free Music adds to your collection of songs
Tom Janison
Type the word free music in any of the major search engines and trust me you will come up with an astounding number of results. The very word free has an uncanny ability to attract people and if it is free music you will find music buffs downloading songs from there. The web is in fact overpopulated with sites that claim to provide free music and such other stuffs to visitors. But you must be cautious and find out if the site is dishing out something that is improper in the name of free music. Chances are you may end up downloading a virus in your PC or cell phone if you are not catious about what you are downloading in the name of free music. There are certain sites on the web that actually allow music fans to download free music of their choice from the site without any hassles. So what you need to do is find such sites and download free music from there.
One of the very popular things today is downloading free ringtones for cell phones from the web. Take a look around and you will find that the number of people who own a cell phone is very high. And if you take an even closer look you will find that a majority of them have ringtones of their favorite music or song in the phone. Free music provided by many sites is the main reason for the surge in the number of people who have ringtones in their phones instead of the boring standard tone used
to make and receive calls. Free music has opened up a whole world for people to experiment with different things and express their mood clearly. Among the tunes that are used today for ringtones and caller tunes, polyphonic ringtones are the most popular. The choice of tunes is huge and you can find any tune that you are looking for to use as ringtones from the sites that offer free music.
Now it is not that you get just ringtones from the free music sites, you can also get to download full songs from the site. If you have been searching for an old song sung by one of your favorite bands and could not find it, try one of the free music sites. Such sites have a huge database of songs of all genres and all you have to do is find the song. To do this just log in to the site, type the name of the song or the name of the album or the name of the singer and if that song is present in the database of the site, you will find this instantly. For downloading free music you need to install some software that will help in downloading the song properly and quickly.
Surely you will not like to sit and wait if the song takes ages to download from the free music site. The software can also be obtained free of cost, simply search for free music download software programs and you will get the software immediately. It is not difficult to download free music from an online site.
About the Author
Tom Janison is a music fanatic. He loves downloading music of all his favorite artists. www.ez-tracks.com is one of his favorites sites for Free Music ,Love Songs,free MP3 downloads and online music.
MusicMasterPro – GUITAR TARGETED
By John Campbell
When I first decided to learn Jazz and Rock guitar, I had no idea where to find a good guitar teacher so I checked out the nearest coaching school. They told me that I would need at least one hour a week for five weeks just to get started. They charged $35 per hour, and wanted me to sign up for this. My maths told me $175 was outside of my budget and that was just to get started… it could be $500 before I could play anything I really wanted.
Now your circumstances might be different to mine but this price for a hobby was too expensive – even if it was a passion - as I loved the idea of playing guitar.
I told my friends of my disappointment and that I needed to give up the idea of learning guitar professionally. Then one of my friends told me about how there were online music courses, and he strongly recommended I check out this site:
http://www.MusicMasterPro.com
Hey, I had no idea you could learn how to play the guitar online. For a tiny once off joining fee, I got access to online video guitar lessons that I could download and watch as much as I like.
In the beginning I was a little unsure about how learning guitar on the internet was going to go but now, after following a few of the videos, I would not take guitar lessons any other way. It’s so easy, comfortable, fun and cheap.
You can stop and start your music lessons whenever you want, go over the guitar chord tutorials again and again until you get them right, and just do it whenever you feel like it, hours and hours a day. Learning guitar this way is the best and easiest, I promise you : )
I'm also now totally sold on the musical instrument teaching skills of Jay and Greg, who are the guys that run the site and do the video guitar lessons. With these guys, even a basic beginner musician like me can learn guitar quickly and notice the improvement. The way I see it, I now have two great private teachers in my own home 24 hours a day! I couldn’t ask for more. And it's cost me next to nothing.
In addition to the videos, what makes www.MusicMasterPro.com even better value when compared to any other music learning sites is that as a bonus, it is currently offering bass and drum courses all for the same single membership. Now, I'm able to learn bass too - at no extra cost! My musical skills are growing rapidly and I'm enjoying my music more than I ever have.
I truly recommend www.MusicMasterPro.com to everyone wanting to learn to play a musical instrument or for those wanting to improve their guitar playing skills. The guys who have put together these video courses are very skilled, friendly and have true passion for music.
This lifetime membership to www.MusicMasterPro.com is a steal. It is definitely the best online value I have ever seen.
Be sure you check the site out now, just so you claim the bonus bass, drums, violin and piano video lessons Jay and Greg are including… simply go here:
http://www.MusicMasterPro.com
About the Author
The Author is double majoring in English and Philosophy at Wake Forest. Originally, from Atlanta, he has been playing the music for three years, and has had one other of his poetic works published. He also works with Young Life in Winston-Salem, NC.
